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The Global Reporting Initiative and its relevance to the INTOSAI WG on Key National Indicators

The Global Reporting Initiative and its relevance to the INTOSAI WG on Key National Indicators. Teresa Fogelberg Deputy Chief Executive. INTOSAI Johannesburg Accord (2010).

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The Global Reporting Initiative and its relevance to the INTOSAI WG on Key National Indicators

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  1. The Global Reporting Initiative and its relevance to the INTOSAI WG on Key National Indicators Teresa Fogelberg Deputy Chief Executive 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  2. INTOSAI Johannesburg Accord (2010) ”43.8 SAIs should encourage developments in environmental accounting as well as sustainable development reporting. Active engagements with international role players such as the World Bank, United Nations Environment Programme and Global Reporting Initiative also need to take place.” 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  3. GRI relevance to INTOSAI WG on KNIs • GRI promotes accountability and transparency of organizations of all sizes and types, across sectors and regions • GRI promotes performance reporting by Governments • GRI is active in the field of public agency reporting (reporting of National Government Agencies and Ministries) • Sustainable development monitoring. • GRI developed and plans to further develop specific guidance for the public sector (incl. indicators on public policies and implementation measures ?) 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  4. GRI relevance to INTOSAI WG on KNIs • GRI Sustainability Reporting Guidelines as a global framework ensuring comparability of data • GRI Experience with indicator-development for SR Reporting Guidelines • GRI Experience with the process of selection of KPIs – new guidance on Materiality (how to define the content of a report) • Integrated Reporting (IR) 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  5. GRI’s Vision A sustainably global economy where organizations manage their economic, environmental, social and governance performance and impacts responsibly and report transparently. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  6. What you can’t measure, you cannot manage What you can’t manage, you cannot change! How do you measure sustainability impacts? Who defines the metrics to measure them? 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  7. What is sustainability reporting? Sustainability reporting is the practice of measuring, disclosing, and being accountable to stakeholders for organizational performance towards the goal of sustainable development. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  8. GRI: a network organization The GRI network unites some 30,000 professionals from business, civil society, government, finance, labor and academia. • GRI Secretariat • GRI Focal Points • GRI Governance Bodies • GRI Governmental Advisory Group • GRI Organizational Stakeholders • GRI Strategic Alliances UNEP Collaborating Centre 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  9. GRI’s Mission To make sustainability reporting standard practice by providing guidance and support to organizations. ….To achieve its mission, GRI delivers a range of resources… 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  10. Guidance and Support • Sustainability Reporting Framework: Sustainability Reporting Guidelines& Sector-specific guidance, e.g. Mining, Public Sector. • GRI Publications: Research, learning, linkage documents. • GRI Training and Workshops: Introductory Workshops, Certified Training Program, tailor-made programs. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  11. GRI Sustainability Reporting Guidelines • World’s most widely-used sustainability reporting framework • Designed to be used by organizations of all sizes and types, across sectors and regions • Developed by an international multi-stakeholder consensus based approach 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  12. GRI Guidelines Development – A Multi-Stakeholder Process New Developments International sneak peeks Collaborative working groups Guidelines released Structured feedback process on guidelines 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  13. The Guidelines 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  14. GRI & External Assurance • GRI recommends the use of external assurance • GRI does not make recommendations on which assurance provider to choose, nor on which assurance approach to use. • It is expected that the reporting organization selects the assurance provider on the basis of these key qualities More information:http://www.globalreporting.org/ReportingFramework/ApplicationLevels/ExternalAssurance.htm 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  15. GRI & External Assurance 6 Guiding Principles • should be conducted by groups or individuals external to the organization who are demonstrably competent in both the subject matter and assurance practices; • is implemented in a manner that is systematic, documented, evidence-based, and is characterized by defined procedures; • assesses whether the report provides a reasonable and balanced presentation of performance, taking into consideration the veracity of the data in a report as well as the overall selection of content; 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  16. GRI & External Assurance 6 Guiding Principles • utilizes groups or individuals to conduct the assurance who are not unduly limited by their relationship with the organization or its stakeholders to reach and publish an indep. & impartial conclusion on the report; • assesses the extent to which the report preparer has applied the GRI Reporting Framework (incl. the Reporting Principles) in the course of reaching its conclusions; and • results in an opinion or set of conclusions that is publicly available in written form, and a statement from the assurance provider on their relationship to the report preparer. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  17. Trends & Current Priorities 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  18. Integrated Reporting Framework Financial Reporting Standard ESG Reporting Standard Integrated Reporting (IR) • IR combines the financial and non-financial in an integrated way • The next generation of the GRI Guidelines will shape the ESG content for the IR architecture developed by the International Integrated Reporting Committee (IIRC – Secretariat shared with GRI).  To what exent is IR on the agenda of SAIs? 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  19. Future GRI development: G4 • For scaling up mainstream ESG disclosure practice and sustainability reporting in general: • Advance in the standardization of ESG metrics • Offer a variety of flexible report elements • to be used by reporters • attending different requests • Offer guidance on • material issues • Offer guidance on • Integrated Reporting • User friendly format • For improvement of current • guidelines content, e.g. • robust definitions to better • support assurance processes 2006 2010 2012-13 G4 G3.1 G3 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki 19

  20. 6 roles for Governments in Sustainability Reporting • Governments as Auditors – Supreme Audit Institutions (SAIs) • Governments as Owners – State-Owned Companies • Governments as Regulators – Public Policy-Making • Governments as Reporters – Public Agency Reporting • Governments as Buyers – Public Procurement • Governments as Investors – Pension Funds 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  21. Carrots&Sticks – An update on trends in Voluntary and Mandatory Sustainability Reporting • Analysis of recent international developments and 30 countries across the globe plus 6 country profiles • Governments take the lead (mandatory or voluntary guidance) To download the publication click here. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  22. Public Agency Reporting • New Trend: Increasing Public Agency Reporting • Research Publication: GRI Reporting in Government Agencies (2010) 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  23. Public Agency Reporting • Some prominent examples: • Municipalities: Amsterdam, Melbourne, Abu Dhabi, Rio? • USA: Obama Executive Order No. 13514 - selected governmental entities are already using GRI Guidelines (e.g. US Army, additional agencies) • Germany: Ministry of Labor and Social Affairs, Germany , 2010 • The Netherlands: one collective report covering all ministries and agencies, 2010  Where to go from here? – New GRI Plans for Public Agencies 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  24. Synergies and Collaboration • INTOSAI Member as part of Expert Group of Public Agency Reporting Publication? • New GRI project on specific guidance for the public sector (e.g. publication) as part of INTOSAI WG KNI Knowledge Database? • Sharing of experience in developing countries (GRI has new DAC Strategy): what is the experience of the INTOSAI Network? • Other? 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  25. Thank you! www.globalreporting.org 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  26. GRI Strategy for Developing Countries (2010) 4 Strategic Objectives: • 1 ) To enhance the understanding, ownership and capacity of all stakeholders in developing countries, of the link between sustainable development and poverty reduction and natural resource and biodiversity protection on the one hand, and sustainability reporting on the other hand. • 2) To strengthen the sustainability performance of local business actors in developing countries, which will have a positive impact on sustainable development, but in addition strengthen their competiveness –for example as suppliers- on the regional and global market. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

  27. GRI Strategy for Developing Countries (2010) 4 Strategic Objectives: • 3 ) To empower stakeholders in developing countries, in particular civil society, labor unions and local authorities, to engage in a constructive dialogue with businesses, both local and MNE’s, on their environmental, social and economic performance, on the basis of sustainability reporting. This will create a ‘countervailing power’ and enable the creation of the so-called multi stakeholder approaches within the locally specific setting of DAC countries. • 4)To enhance transparency regarding the impact of foreign / multi-national companies that invest and operate in DAC countries, both to strengthen these companies’ internal management and governance vis-à-vis their sustainability performance and impact in their host countries, and to strengthen their transparency towards investors and stakeholders with regards to their performance and impacts. 4th Meeting INTOSAI WG on KNIs, 13-14 April 2011, Helsinki

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